Nikola Tre BEV approved for NY incentive voucher offering savings up to $185k per truck

Nikola’s Tre BEV truck qualified for state incentive program in New York
Incentive up to $185,000 per truck can be availed through New Yok program

The American automaker, Nikola has its Tre BEV truck qualified for the New York Truck Voucher Incentive Program (NYTVIP). The truck has already received various incentives from other states in the US as well. This will now qualify the vehicle to have an incentive of around $185,000 per truck.

Nikola Tre BEV approved for NY incentive voucher offering savings up to $185k  per truck
Image credits- Electrek

In recent times Nikola has been working on its public image indicating how not to operate an EV startup. The automaker has been developing zero-emission vehicles. Now with such substantial incentives, there are high chances of increasing its sales. In around March this year, the automaker began production of its Tre BEV truck in Arizona. It is located in Coolidge, from where the first deliveries for Q1 of 2022 were reported.

It is known that the company received around 500 inquiries for the Tre truck in the first quarter of this year. Also, around 134 trucks were pre-ordered from customers in California. Furthermore, as the incentive programs come up, it is likely that commercial customers would place orders. The BEV is qualified for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive project starting from January 2022. Nikola Tre BEVs also qualify for an incentive of $120,000 per truck for customers in California. The New York incentive is even larger.

Incentives

According to Nikola Corporation’s press release, the Tre BEV has been deemed eligible for the NYTVIP by the New York State Energy Research and Development Authority (NYSERDA). The NYTVIP was established to make it easier for commercial customers to integrate zero-emission vehicles into their fleets at a higher rate by significantly reducing upfront costs.

As an approved ZEV in the NYTVIP, Nikola Tre BEV purchasers in NY now qualify for an incentive up to $185,000 per truck, with a scrappage requirement – meaning for every BEV purchase, the customer must turn in a qualifying combustion vehicle built before 2009 to be completely scrapped for good.

NYTVIP provides vouchers, or discounts, to fleets across New York State that purchase or lease medium- and heavy-duty zero-emission battery electric vehicles (BEV). According to Nikola, its Tre BEV is expected to have the longest range among the current HVIP and NYTVIP eligible Class 8 tractors. Nikola’s global head of strategic business planning Michael Erickson spoke about the incentive, “By qualifying for both California’s and New York’s incentive programs, Nikola is able to make an impact on two major markets with high commercial traffic volume. Decarbonizing heavy-duty trucking and port operations are more likely to be accomplished, thanks to these accelerated zero-emission vehicle adoption programs that make clean transportation trucks a more desirable option for fleet owners.”